Senior Cost Manager - Real Estate
Senior Cost Manager - Real Estate

Senior Cost Manager - Real Estate

Sheffield Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead cost management for exciting real estate projects, coaching junior staff and ensuring client satisfaction.
  • Company: Join Turner & Townsend, a global leader in professional services with a passion for making a difference.
  • Benefits: Enjoy flexible working, professional development opportunities, and a vibrant workplace culture.
  • Why this job: Be part of transformative projects that promote sustainability and inclusivity while developing your career.
  • Qualifications: Chartered status and experience in cost management or quantity surveying are essential.
  • Other info: We celebrate diversity and encourage applications from all backgrounds.

The predicted salary is between 43200 - 72000 £ per year.

This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.

At Turner & Townsend we're passionate about making the difference. That means delivering better outcomes for our clients, helping our people to realize their potential, and doing our part to create a prosperous society. Every day we help our major global clients deliver ambitious and highly technical projects, in over 110 offices worldwide.

Turner & Townsend is a global professional services company with over 10,000 people in 50 countries. Collaborating with our clients across real estate, infrastructure and natural resources sectors, we specialise in major programmes, programme management, cost and commercial management, net zero and digital solutions. We are passionate about making the difference, transforming performance for a green, inclusive and productive world.

As well as helping organisations deliver and integrate new assets as quickly and efficiently as possible, we help set the asset strategies that support their corporate objectives. We also work with our clients to create safe and comfortable environments which are inexpensive to maintain, sustainable and practical to conduct business from.

OUR CORE VALUES

  • We love a challenge
  • We are stronger together
  • We bring out the best in everyone

To support and progress our values, we:

  • Developed a market leading suite of bespoke digital tools to deliver our market leading cost management services: The Hive
  • Are a champion of a diverse workforce and culture
  • Offer role development and advancement opportunities
  • Set out our NewLeaf strategy, commitment to social value and environmental issues
  • Provide opportunities for professional development (working with industry leading professionals, RICS Chartership development support, NEC accreditation)
  • Offer a level of independence with multidisciplinary collaboration and support where needed

We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance. We believe that everyone should pursue their passions and provide a real opportunity for this; whether you join one of our sports teams, social networks or bring a new interest to your colleagues.

MAIN PURPOSE OF ROLE

To perform the role of the Commission Manager, taking responsibility for end-to-end service delivery. To ensure that client objectives are met through the delivery of an effective cost management service.

SCOPE

Senior Cost Managers handle commissions of varying sizes, depending upon the complexity of the project. Typically, projects fall within the £10m to £50m range.

KEY ACCOUNTABILITIES

  • Commission Management, to include:
  • Coaching junior staff, including allocating roles and responsibilities to ensure effective cost management on all projects
  • Advising clients on feasibility studies
  • Advising clients on their procurement options
  • Managing the estimating and cost planning stages, including presenting the final cost plan to the client
  • Tendering and procuring, including managing the pre-qualification stage, producing the tender list, producing the preliminaries, tender analysis, producing the tender report and compiling the contractual documents, utilising the relevant cost management tools and services; The Hive; eTender Platform
  • Conducting the role of contract administrator, including dealing effectively with post contract cost variances and the change control processes, where applicable referring major changes to line manager
  • Taking personal responsibility for peer reviewing cost allowances and carrying out valuations on larger projects and in all cases ensuring that timely and accurate cost checking and valuation takes place
  • Producing monthly post contract cost reports via our Cost Control App and presenting them to the client
  • Inputting into value engineering
  • Negotiating and agreeing final accounts
  • Interfacing with the client, Project Manager, and other consultants, at all project stages
  • Work collaboratively with Turner and Townsend's project management team during project delivery
  • Where appropriate, leading a cost management team, ensuring that they deliver on all of the above accountabilities
  • Utilising our full suite of bespoke digital cost management tools and services; The Hive: Benchmarking App, CostX, Market Rates App, eTender Platform, and Cost Control App
  • Implementing our Embodied Carbon Calculator, a bespoke carbon accounting tool, to produce carbon footprint reports
  • Supporting the execution of our NewLeaf strategy
  • Management of internal fees, internal job costing and resourcing requirements

Marketing and business development, to include:

  • Identifying opportunities to develop new business with existing clients and reporting such opportunities to the appropriate line manager and by making effective use of the marketing database
  • Developing and maintaining a professional network of peers and potential clients
  • Leading bid submissions
  • Identifying ways in which cost management procedures, templates and products can be improved
  • Being involved in extracurricular activities including external groups, attending networking and CPD events

Internal management accountabilities, to include:

  • Knowledge management - Ensuring that key information and learning generated from each commission is input into the Turner & Townsend internal database
  • Process improvement - Identifying ways in which internal systems and processes can be improved and referring ideas to the appropriate line manager
  • Lead in the support, development, and mentorship of junior staff members
  • Management of projects on D365

REPORTING

Depending upon context, a Senior Cost Manager is likely to report to an Associate Director, Project Director or Director.

KEY PERFORMANCE INDICATORS

A Senior Cost Manager will in part be assessed by the extent to which:

  • Commissions are managed to the right quality standards and are completed efficiently and on time
  • Service delivery on commissions is in line with the conditions of appointment
  • Good relationships are developed with clients and members of the cross-functional team
  • They work as an effective member of the cost management team, including where appropriate, taking effective responsibility for Assistant Cost Managers and Cost Managers
  • Opportunities are identified to develop new business with existing clients
  • Margin levels are kept track of on all commissions
  • Key information and data is effectively cascaded and appropriately retained

The Candidate

We would expect candidates to demonstrate the following:

  • Ability to work with autonomy
  • A self-motivated individual who is able to take initiative and deliver to tight deadlines
  • Have achieved Chartered Status
  • Have a confident and professional manner
  • Highly organised and ability to prioritise own workload
  • Ability to collaborate and build relationships across the business
  • Ability to work well under pressure
  • Ability to delegate tasks to junior team to assist in their technical development

TURNER & TOWNSEND:

We actively encourage applications from all sectors of the community. SOX control responsibilities may be part of this role, which are to be adhered to where applicable.

Qualifications

Experience and Skills

  • Good knowledge of construction methods and procurement routes/ Sound knowledge of various forms of contract (JCT/NEC).
  • Excellent measurement and cost planning expertise including use of NRM.
  • Commercially astute with demonstrable negotiation and communication skills.
  • Team oriented.
  • A proven track record of delivering high quality cost management / quantity surveying services across the full project lifecycle
  • Ideally professionally qualified (RICS or similar)
  • Degree or HNC level qualification
  • Ability to successfully manage and prioritise more than one project at a time.

Additional Information

Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change. We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance. Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community.

Senior Cost Manager - Real Estate employer: TURNER & TOWNSEND

Turner & Townsend is an exceptional employer, offering a dynamic and inclusive work culture that prioritises employee growth and well-being. With a commitment to professional development, including support for RICS Chartership and opportunities to engage in diverse extracurricular activities, employees are empowered to thrive both personally and professionally. Located in a vibrant environment, the company fosters collaboration and innovation, making it an ideal place for those seeking meaningful and rewarding careers in cost management within the real estate sector.
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Contact Detail:

TURNER & TOWNSEND Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Cost Manager - Real Estate

✨Tip Number 1

Familiarise yourself with Turner & Townsend's core values and mission. During any interviews or networking opportunities, demonstrate how your personal values align with theirs, particularly around collaboration and making a difference.

✨Tip Number 2

Leverage your professional network to connect with current or former employees of Turner & Townsend. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach.

✨Tip Number 3

Stay updated on industry trends and challenges in cost management and real estate. Being knowledgeable about current issues will allow you to engage in meaningful conversations during interviews and showcase your expertise.

✨Tip Number 4

Consider participating in relevant networking events or CPD activities that Turner & Townsend might be involved in. This not only expands your network but also shows your commitment to professional development in the field.

We think you need these skills to ace Senior Cost Manager - Real Estate

Cost Management
Project Management
Negotiation Skills
Communication Skills
Team Leadership
Construction Methods Knowledge
Procurement Routes Expertise
Contract Management (JCT/NEC)
Measurement and Cost Planning (NRM)
Financial Acumen
Analytical Skills
Time Management
Client Relationship Management
Mentorship and Coaching
Business Development

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in cost management and real estate. Use keywords from the job description to demonstrate that you meet the specific requirements of the Senior Cost Manager role.

Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention how your values align with Turner & Townsend's core values, and provide examples of how you've successfully managed similar projects in the past.

Highlight Relevant Skills: Emphasise your skills in project management, negotiation, and communication. Provide concrete examples of how you've used these skills to deliver successful outcomes in previous roles.

Showcase Professional Development: Mention any relevant qualifications, such as RICS Chartership or other certifications. Highlight your commitment to continuous learning and professional development, which aligns with Turner & Townsend's focus on mentorship and growth.

How to prepare for a job interview at TURNER & TOWNSEND

✨Showcase Your Cost Management Expertise

Be prepared to discuss your experience with cost management tools and methodologies. Highlight specific projects where you successfully managed costs, and be ready to explain how you approached budgeting, forecasting, and financial reporting.

✨Demonstrate Leadership Skills

As a Senior Cost Manager, you'll be expected to lead teams and mentor junior staff. Share examples of how you've coached others in the past, and discuss your approach to delegating tasks while ensuring quality outcomes.

✨Understand the Company's Values

Turner & Townsend values collaboration, challenge, and personal development. Familiarise yourself with these core values and think of examples from your career that align with them. This will show your potential fit within their culture.

✨Prepare for Technical Questions

Expect questions related to construction methods, procurement routes, and contract types like JCT and NEC. Brush up on your technical knowledge and be ready to discuss how you've applied this in real-world scenarios.

Senior Cost Manager - Real Estate
TURNER & TOWNSEND
Location: Sheffield
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